Analysts were busy upgrading, downgrading, changing price targets and starting to cover multiple companies this week.
upgrade
Current service (just now)-Get report Morgan Stanley analyst Keith Weiss upgraded its weight from equal weight to overweight, citing the growth potential of workflow software companies. According to Bloomberg News, Weiss raised its target stock price from $559 to $652, which is the highest estimate on Wall Street.
Downgrade
Dow Company (Dow)-Get report Analysts at Deutsche Bank and Bernstein both downgraded their ratings, and they both worried about the slowdown in polyethylene prices. Deutsche Bank downgraded Dow Jones Industrial’s stock rating from “buy” to “hold”, while Bernstein downgraded its rating from “outperform” to “market performance.”
First Solar (SLR camera)-Get report Raymond James (Raymond James) analyst Pavel Molchanov (Pavel Molchanov) downgraded its rating from “outperform” to underperform. The analyst cancelled his $90 stock price target.
Salesforce.com (Customer relationship management)-Get report Morgan analyst Keith Weiss lowered its rating from “overweight” to “flat.” The company maintained a target price of $275, which has a potential upside of 8% from the stock’s previous closing price.
Aurora cannabis (ACB)-Get report The rating of Stifel analyst W. Andrew Carter was downgraded from hold to sell. Based on valuation, he raised his stock rating from 3.50 Canadian dollars (2.67 US dollars) to 6.50 Canadian dollars (4.96 US dollars).
Price target change
KeyBanc analyst Edward Yruma raises Farfetch’s one-year price target (FTCH)-Get report From $32 to $50, while maintaining its overweight rating. He noted that he expects the company to continue to benefit from the shift in online sales driven by the department store pandemic.
Deutsche Bank analyst Ross Seymore (Ross Seymore) raised Nvidia’s price target (NVDA)-Get report It rose from $450 to $500, saying that the computer graphics chip company will release a strong third-quarter financial report next week.
Cisco (CSCO)-Get report The company’s first-quarter earnings and sales were better than expected, prompting several analysts to raise their one-year price targets for the stock. Piper Sandler analyst James Fish raised the one-year price target from $44 to $45.
Morgan Stanley analyst Benjamin Swinburne raised Disney’s price target (DIS)-Get report From 135 US dollars per share to 160 US dollars, and reiterated his overweight rating.
.
#Cisco #ServiceNow #latest #upgrades #downgrades
More from Source